Brief: Glaston Q2 Comparable EBITA Rises To EUR 2.4 Mln

Glaston Oyj Abp

05/08/2021 11:40

Aug 5 (Reuters) - Glaston Oyj Abp  GLA1V.HE :
    * GLASTON'S HALF YEAR FINANCIAL REPORT JANUARY-JUNE 2021:
RECORD
HIGH QUARTERLY ORDER INTAKE IN Q2
    * Q2 ORDERS RECEIVED TOTALED EUR 65.9 (24.0) MILLION
    * Q2 COMPARABLE EBITA WAS EUR 2.4 (2.3) MILLION, I.E. 5.5
(4.8)%
OF NET SALES
    * ESTIMATES THAT ITS NET SALES IN 2021WILL IMPROVE FROM
LEVEL
REPORTED FOR 2020
    * Q2 NET SALES TOTALED EUR 43.3 (48.9) MILLION
    * SPECIFIES ITS OUTLOOK FOR COMPARABLE EBITA, WHICH IS
ESTIMATED
TO INCREASE TO EUR 10.5−12.5 MILLION.
    * STRONG RECOVERY IN ORDERS RECEIVED IN FIRST HALF OF 2021
INDICATES POSITIVE DEVELOPMENT FOR BOTH MACHINES AND SERVICES
BUSINESS THROUGHOUT 2021
    * GLASTON EXPECTS HEAT TREATMENT AND INSULATING GLASS
TECHNOLOGY
MARKETS TO CONTINUE TO PERFORM WELL
    * ORDER INTAKE FOR REST OF YEAR IS EXPECTED TO RETURN TO
PRE-COVID-19 LEVELS AFTER RECORD HIGH Q2
    * DURING QUARTER, SUPPLY CHAIN DISRUPTIONS WERE A GROWING
CONCERN

Source text for Eikon:  ID:nWkr3X8TnV 
Further company coverage:  GLA1V.HE 

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